Monica works the same in Ikoyi as everywhere in Nigeria: copy your address, send your crypto, and the naira reaches your bank within 60 seconds of on-chain confirmation. No vendor, no chat, no escrow.
Selling crypto in Ikoyi works the same way it works anywhere else in Nigeria: download Monica, send your coin to your Monica address, and withdraw naira to your local bank. The only local detail is which banks Ikoyi sellers tend to use, and this page covers that.
Ikoyi accounts at GTBank, Opay, and other local banks receive the naira via NIBSS within 60 seconds of on-chain confirmation.
Monica is the counterparty: no third-party vendors, no escrow theatre, no "send first" arrangements. Ikoyi users moved away from P2P specifically because of this.
The naira amount in the calculator is the naira amount that hits your Ikoyi bank. No spread, no hidden cuts, no withdrawal fees.
Ikoyi users are on the same app as everyone else in Nigeria. Ask anyone in your network who already uses it.
Conversion engine and bank rails work continuously. Sunday-night cashouts in Ikoyi clear at the same speed as Tuesday-morning ones.
In-app live chat with a real person, online from Lagos. Ikoyi users get the same support as everyone else in Nigeria.
Get the app on Google Play or App Store. Sign up with your email; KYC is one screen with BVN or NIN.
Open the deposit screen, choose your coin (BTC, USDT, USDC, ETH, SOL, TRX or BNB), copy the address.
From Binance, Trust Wallet, MetaMask, Phantom, Bybit, wherever your crypto lives. Match the network on both ends and send.
Naira credits to your Monica balance once your deposit confirms on-chain, and reaches your bank within 60 seconds of that confirmation. Hit Withdraw, pick your bank, type the amount. Done.
Monica pays into every NIBSS-connected bank, so GTBank, Opay, Kuda and Moniepoint all receive the same instant transfer.
All 7 coins Monica supports are available to Ikoyi users: Bitcoin, USDT, USDC, Ethereum, Solana, Tron and BNB.
"I started using this app 4 months ago and ever since then I have not gotten any problem during transfers . once I withdraw or deposit it enters imediately. kudos!!!"
"the app is very easy and clear to navigate the deposit and withdrawal is stress free, it takes minutes for you to receive your withdrawal and it converts usdt straight to naira without passing through any stress or trading any stuff like p2p, I love the app"
"What I like most is the instant settlement wish is very good and instant but also optional. The only area that I think they need to work on is the limit setting which I think it should be increased for more instant withdrawal and settlement. Regards."
"They are good. All the way my experience had been positive without any glitches."
Yes. Monica works everywhere in Nigeria, including Ikoyi. The app is the same nationwide: same KYC, same conversion, same payout rails. Ikoyi users typically withdraw to GTBank, Opay and other local banks.
Digital banks like Opay and Kuda usually clear in 5 to 10 seconds, and tier 1 banks like GTBank and Zenith in 30 to 60 seconds.
Yes. Same flow as Bitcoin: send USDT on TRC20, ERC20, BEP20 or Solana to your Monica address and the naira credits automatically at the live rate.
Monica is an app. Support is online from Lagos; there is no walk-in office in Ikoyi.
Monica pays naira to your bank account only. We do not do cash meetups, and neither should anyone selling crypto.
Verified accounts can sell up to ₦50,000,000 of crypto per 24 hours. Higher limits are available for verified business accounts. Contact support to lift limits.
Yes. Following the CBN's December 2023 reversal of its 2021 banking restriction and the SEC's VASP framework, crypto to naira conversion is legal across Nigeria including Ikoyi. Monica operates within this framework.
No. The fees are the same nationwide: 0% conversion fee and 0% bank withdrawal fee. Deposits are free on USDT, USDC, ETH, SOL, TRX and BNB; Bitcoin deposits carry a flat $2 fee.
Sell crypto in Ikoyi at the live rate, 0% conversion fee, naira in your bank within 60 seconds of on-chain confirmation.
Download MonicaThe naira from your crypto doesn't have to leave Monica, spend it in the same app.